Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Accounts receivable $ 34,768 $ 28,457
Accrued revenue 652,521 425,314
Derivative instruments 627 105,130
Other current assets 20,937 15,238
Total current assets 708,853 574,139
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,052,543 1,175,178
Proved properties 12,559,146 12,260,713
Gathering systems and facilities 5,802 5,802
Other property and equipment 91,621 74,361
Property and equipment, gross 13,709,112 13,516,054
Less accumulated depletion, depreciation, and amortization (4,176,296) (3,869,116)
Property and equipment, net 9,532,816 9,646,938
Operating leases right-of-use assets 2,969,642 2,613,603
Derivative instruments 14,834 47,293
Investment in unconsolidated affiliate 236,597 255,082
Other assets 8,796 13,790
Total assets 13,471,538 13,150,845
Current liabilities:    
Accounts payable 60,409 26,728
Accounts payable, related parties 79,595 69,860
Accrued liabilities 501,132 343,524
Revenue distributions payable 315,936 198,117
Derivative instruments 1,436,292 31,242
Short-term lease liabilities 353,470 266,024
Deferred revenue, VPP 39,528 45,257
Other current liabilities 16,320 2,302
Total current liabilities 2,802,682 983,054
Long-term liabilities:    
Long-term debt 2,341,033 3,001,593
Deferred income tax liability 55,636 412,252
Derivative instruments 331,570 99,172
Long-term lease liabilities 2,616,889 2,348,785
Deferred revenue, VPP 127,844 156,024
Other liabilities 60,642 59,694
Total liabilities 8,336,296 7,060,574
Commitments and contingencies (Notes 13 and 14)
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 268,672 shares and 313,866 shares issued and outstanding as of December 31, 2020 and September 30, 2021, respectively 3,138 2,686
Additional paid-in capital 6,365,929 6,195,497
Accumulated deficit (1,518,762) (430,478)
Total stockholders' equity 4,850,305 5,767,705
Noncontrolling interests 284,937 322,566
Total equity 5,135,242 6,090,271
Total liabilities and equity $ 13,471,538 $ 13,150,845